Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

Market Movers

Netflix rival’s clout questioned

Reed Hastings is CEO and founder of Netflix. The shares have gained 6.1 percent this year.

Getty Images for Netflix/File 2011

Reed Hastings is CEO and founder of Netflix. The shares have gained 6.1 percent this year.

Continue reading below

Netflix Inc. advanced to the highest price in more than two months after Morgan Stanley upgraded the stock to “overweight,” the equivalent of “buy,” saying that competition from Amazon.com’s Prime Instant service is ‘‘overblown.” Amazon would probably have to spend as much $1.2 billion more to match Netflix’s content, the firm said.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com